The easing trend continued this week but noticeably it was much more subtle than last week. In USD terms the AWEX Eastern Indicator was down by less than 0.5%. The carding market has been the most affected as they settle from extreme levels. They will rebound once the market settles to a more realistic price level as they seem always in demand. NM clips again seem more stable than others as they have a wider and more sustained buyer demand base. Markets including Japan, Europe and China are all seeking NM certified wool.
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.
Wool indicators are anyway based on Australian Dollar.
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We expect a few more superfine bales next week with another designated fine wool sale in Sydney. Prices have settled even in this sector and we now see some value in the best lots at these levels. They won’t be available for much longer. Clearly the better prepared clips are more keenly sought by buyers in this market. They have become more selective.
Auction offering – current week
Selling Centres for week 18
Market Sale Offered Sold Passed In
North S 18 9018 7937 12.0%
South M 18 19167 16155 15.7%
West F 18 6939 5298 23.6%
Auction offering – next week
Market Sale Sale days Volume
North S 19 W-T 8942
South M 19 W-T 19686
West F 19 W-T 7068
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